guys may I know what accounting software you are using, particularly those who are in the retail/trading sector.

Currently contemplating of getting either autocount, million or SQL as there's positive review about it; easy to use.

I'm setting up a ecommerce business where invoice will be generated automatically online through the system thus I dont think I need any invoicing module. Probably just accounting + stock.

If I'm GST registered, is this recommended ? must I create a separate GST tax invoice and deliver to the client with the actual product.

Hello,

I've been doing freelancing work for 3years now.. I've just opened up a company account. I've checked through online, it would be better off for the future to have a company account and provide salary to myself rather than having it has a personal income.

Question :
1. How should I start with documenting the accounting? The cash flows / salaries and projects? Can I start with my own, or should I get an accountant to assist from the beginning? EPF? Personal Income Tax?

Previously during freelancing, all I did was get an excel file and recorded the projects budget, dates and payment only.

Please advice. Thank you.

GUY i am finding Calsberg or tiger distributor.
I see a lot of kopitiam got free advertising bill board from Tiger or heneken.

Any one know the detail on the free advertising board?

Sry my bad, is exempted from submitting tax estimation for 2 to 3 YAs for new company

Source: https://www.pwc.com/my/en/assets/publicatio...ess-booklet.pdf PAGE 19

any advice on accounting software? Plan to self do it. Open business restaurant. With GST. Currently looking for UBS. any advice all sifu?

Hi sifu out there,

Now Im freelance and wish to register under sole proprietor.
Wanna ask is it I need to hire accountant to do my accounts or simple account record will do?

How about my income tax? Can I make my biz pay me salary? so my income tax remain as persendirian instead of ada punca perniagaan.

Hai guys

im interested in starting food business with capital 20k

any suggested ideas to execute?

Thanks mate

Selling chicken rice. Really.

Hello guys, I not sure whether this is the right place to ask this kind of question, but if it's wrongly posted and it's a thread for my solutions it will be a million thanks for point it out for me.

Here's my question, 5years ago I had operated construction field business by using ENTERPRISE (ABC CONSTUCTION) company, so it went well and last year 2016, I had registered SDN bhd with the exact same name (ABC CONSTRUCTION SDN BHD).

For that I want to convert my enterprise business to SDN bhd and for sales part it all went well since I just change company to bill customer. However, til this date the problem came. There are some machinery asset under loan I n ENTERPRISE bought in 2014/15 which is still eligible for capital allowance in 2016, but due to enterprise got no revenue/profit anymore, there will be no capital allowance for the ENTERPRISE. And my SDN BHD got no assets yet.

Now my SDN BHD is due for audit and it's quite high amount of profit due to I using SDN BHD to pay for the loan while the asset is still in ENTERPRISE, may I know is there any solutions for me to claim or best option for my scenario?

Is it possible I make a transfer ownership of asset from enterprise to SDN BHD to claim capital allowance?

By 2016, my freelance accountant asked me to do this
ENTERPRISE : monthly repayment 5,000.00
SDN BHD : pay for the monthly repayment 5000.00 and treat it as rental. But both of my company are gst registered. So it's like paying gst to government for nothing.

Any sifu here mind do me a favor and help with this? I'm really desperate for any kind of solutions as I'm not experienced in accounting knowledge. MILLION THANKS!!

Hi guys, need some advice for the accounting, currently I'm planning to start up a small construction company, is there recommendation for simple account courses to attend?? And is it possible to sort out the gst with some convenient account software?? No budget to hire an account admin

Hi, sorry to interrupt.
I'm working in Kotra KL, a Korean government trade agency.

Currently, there is a Korean Company who asked us to help them look for the master franchise to meet up with them while they are in Kuala Lumpur for the Franchise International Malaysia 2017.
E.g. Berjaya owns Starbucks license in Malaysia. They are looking for company with the role like Berjaya.

You may view the company profile here: https://drive.google.com/file/d/0B6J06AUMu2...UVFVGotdlE/view

Thank you.

hi sifu,
is it compulsory to register business license for putting up small stalls in flea market or farmers market which does not operate daily business ? Ocassionally only. I came to know that many of these stalls didnt register, are they consider illegal too and they do run their business in some bazaars held weekend in the shopping mall.

Hi guys, need your advice. Currently I am looking for hr+payroll software. Staff roughly around 30 (mixed Malaysian and Indonesian). Looking for friendly user. Thanks for suggestion!

Plantation is not a low risk for me, a lot of unforseen business nature are not within our control especially natural and pest disasters plus our government ever changing policy on foreign worker and minimum wages.

Not sure about chili plantation thou

Hi Guys,

Just checking for businesses registered as sole prop Enterprise. What would be the required filings and when are they necessary? Tried to look for answers but not sure if Sdn Bhd requirements are the same for Enterprise.

Thanks.

So how? Just do accounts and submit? Then personal tax fill in Form B instead of what is normally filed?

Thanks for the answer.
It is mainly a Chinese majority, matured and old business area. I see all kind of business here. Don't know what is lacking, maybe hardware shop 五金店？But it is not suitable for upstairs 1st floor.

I am actually thinking to run as distributor / supplier / logistics business. To act as a middleman to supply stuff to the business nearby. But don't what product and don't where to start.
already got some printing business here, quite dominant some more.

Can someone help with this.

Do one have to pay and register with lhdn if the sole prop that he setup doesn’t even last for a year?
Means he close the company acc and SSM before the one year period?

Hi,

Glad that I stumbled on this thread. Hope to get opinions from you guys about walk-in laundry service . Do you guys think that it still can compete with the self service laundry? I plan to ooen the service in low-middel class town in Kedah. Did some survey on location, got one that interest me. Nearby got education centre, srrounded by middle class and kampung, got one walk-in laundry already and 2 self service laundry. Shop location con not facing main road,  pro is ample parking space and easy access.